Power Solutions International, Inc.
psiengines.comWhat Do They Do?
Designs and sells emission-certified engines and integrated power systems for equipment makers and end users, serving power generation, industrial equipment and specialized vehicle applications.
10-K for FY2025, filed Mar 2, 2026Power Solutions International, Inc., incorporated under the laws of the state of Delaware in 2011, designs, engineers, manufactures…View ↗
The Company’s products are primarily used by global original equipment manufacturers (“OEMs”) and end-user customers across a wide range of…View ↗
The Company’s sourced and internally designed and manufactured engine blocks are engineered and integrated with associated components in a…View ↗
How Do They Make Money?
Power Systems is the main revenue line; OEMs and end users buy its engines and integrated systems, generally on payment terms of 60 days or less. Most products are sold when shipped or delivered; custom builds earn revenue as work progresses, while extended warranties do so over their coverage period.
10-K for FY2025, filed Mar 2, 2026The Company’s customers primarily include global OEMs and direct end-users across a wide range of applications that demand high product…View ↗
The Company’s payment terms are generally 60 days or less and its sales arrangements do not contain any significant financing components.View ↗
Timing of revenue recognition. The Company recognizes revenue related to performance obligations in its contracts with customers when…View ↗
The Company also recognizes revenue over time primarily when the Company’s performance obligations include enhancing a customer-controlled…View ↗
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10-K for FY2025, filed Mar 2, 2026
FY2025 revenue by product or service ↗
$722.4M
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10-K for FY2025, filed Mar 2, 2026
$722.4M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Power Systems
|
81%
FY2022: 37%
|
Power Systems, FY2025
$586.3M Sources
|
|
Industrial
|
16%
FY2022: 47%
|
Industrial, FY2025
$114.8M Sources
|
|
Transportation
|
3.0%
FY2022: 16%
|
Transportation, FY2025
$21.3M Sources
|
Who Are Their Customers?
Customers are global equipment makers and end users. PSI sells directly to OEMs through its technical sales staff and uses independent local sales and support organizations; Baudouin distributes PSI power systems in Europe, the Middle East and Africa.
10-K for FY2025, filed Mar 2, 2026The Company’s customers primarily include global OEMs and direct end-users across a wide range of applications that demand high product…View ↗
The Company employs a direct sales and marketing approach to maintain maximum interface with and service support for its OEM customers.…View ↗
Through the expansion of its product lineup and the entry into new markets, the Company has a history of growing its product offerings…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 2, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Jul 27, 2026
Named Richard Hu chief executive officer
He is set to replace interim CEO Kenneth Li, who will remain CFO.
Sources
8-K, filed Jul 27, 2026
In connection with the appointment of Mr. Hu described below, Xun (Kenneth) Li will cease serving as Interim Chief Executive Officer of the…View ↗
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May 13, 2026
CEO Dino Xykis resigned; CFO Kenneth Li became interim CEO
Sources
8-K, filed May 13, 2026
On May 12, 2026, Constantine (“Dino”) Xykis resigned from his employment with Power Solutions International, Inc. (the “Company”) as Chief…View ↗
Growing. Revenue grew 58% in 4 years, from $456.3M in FY2021 to $722.4M in FY2025, about 12% a year.
Battery packs for industrial uses
The older report described battery storage and electrification as areas PSI was exploring with Weichai; the latest says it offers battery packs for industrial uses and integrates electrification components into new-energy configurations.
10-K for FY2022, filed Apr 14, 2023 10-K for FY2025, filed Mar 2, 2026Also, through the Company’s relationship with Weichai, it has access to Weichai’s ‘New Energy’ product portfolio and is exploring product…View ↗
Data center power becomes a capacity priority
The older report described data centers as a source of demand for backup power; the latest says data center products drove growth and PSI is expanding capacity to serve that demand.
10-K for FY2022, filed Apr 14, 2023 10-K for FY2025, filed Mar 2, 2026the worldwide growth of intermittent sources of energy, such as wind and solar, and an aged electric grid in the United States, coupled…View ↗
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